The Association of British Insurers (ABI) has welcomed Gordon Brown's decision not to raise insurance premium tax (IPT) in today's (Wednesday 17 April) budget.
An ABI spokesman said: "The government listened to our argument that it was already getting £400m a year more, due to higher premiums."
He said the ABI would have liked a reduction in IPT.
"They could have done this and still got in the amount they wanted," he said.
